Benson Investment Management Company Inc. Purchases Shares of 22,445 SPDR Gold Shares (NYSEARCA:GLD)

Benson Investment Management Company Inc. purchased a new position in shares of SPDR Gold Shares (NYSEARCA:GLD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,445 shares of the exchange traded fund’s stock, valued at approximately $5,435,000. SPDR Gold Shares accounts for approximately 2.3% of Benson Investment Management Company Inc.’s investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds have also made changes to their positions in GLD. International Assets Investment Management LLC raised its stake in SPDR Gold Shares by 21,571.1% during the third quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock worth $735,169,000 after purchasing an additional 3,010,682 shares during the period. Cerity Partners OCIO LLC purchased a new position in shares of SPDR Gold Shares in the 2nd quarter worth $78,434,000. AlTi Global Inc. boosted its holdings in SPDR Gold Shares by 145.0% in the second quarter. AlTi Global Inc. now owns 335,937 shares of the exchange traded fund’s stock valued at $72,212,000 after acquiring an additional 198,823 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in SPDR Gold Shares by 47.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 454,153 shares of the exchange traded fund’s stock valued at $110,386,000 after acquiring an additional 146,271 shares during the period. Finally, Banco Santander S.A. increased its stake in SPDR Gold Shares by 245.1% during the third quarter. Banco Santander S.A. now owns 160,721 shares of the exchange traded fund’s stock worth $39,065,000 after acquiring an additional 114,151 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Down 1.0 %

NYSEARCA GLD opened at $245.74 on Tuesday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $257.71. The business’s 50-day simple moving average is $243.87 and its 200-day simple moving average is $237.59.

About SPDR Gold Shares

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).